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    Alexander, to quote from the competition commission:

    Chairman of the Eurotunnel/SeaFrance Inquiry Group and CC Deputy Chairman, Alasdair Smith, said:

    'It would seem that Eurotunnel moved into the ferry business because it was concerned at the increased competition it would face if another operator bought the assets. Given that the company already holds a market share of over 40 per cent, we're concerned that customers could lose out from Eurotunnel increasing its share even further and being able to raise prices on the tunnel services.

    'In view of the current excess capacity on the Dover-Calais route, it also seems likely that one of the current ferry operators is likely to exit in the short to medium term. We think that customers will be better off if there are two independent ferry companies competing with the tunnel than if one of the two is owned by Eurotunnel.

    'We will now look at how we can protect competition in this market. Whilst our focus is primarily on customers' interests, we will also consider carefully the interests of the ferry employees.'

    Doesn't this seem to support Charlie's view?

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